Are there any separating equilibria

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Consider once again the model of educational attainment discussed in Section 21.2. Suppose that employers can announce in advance the amount of education that will be required for any given job. In other words, treat this as a screening problem rather than as a signaling problem. Are there any separating equilibria? Pooling equilibria? If so, what are they? Upon what do your answers depend? Explain using graphs.

Reference no: EM131132277

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